NASDAQ 100 trade idea

29 Mar 2020

As Covid 19 panic persists and with the US now becoming the epidermic centre, I'm strongly expecting the NAS to continue plunging to the 7000 zone. If however the rally from last week pushes on, this would likely be a pullback to retouch the rising trendline on the daily chart @ 8250 then fall. Be on the lookout for selling opportunities both around current price and after the retest in case of a pullback.